Corn production is expected to rise slightly from 28 million tons to 29 million tons.
Ukraine is a major global grain exporter, with total quarterly exports of approximately 40 million tons.
The Ministry of Economy predicts this year's wheat production to be 21 million tons, but the UAC states that this data does not include the production from small farmers (which could increase by 500,000-800,000 tons).
As of August 22, Ukraine has harvested 21 million tons of wheat, completing 98% of the sown area harvest.
Weaker demand has caused the price of milling wheat to drop several dollars per week, currently at $228-230 per ton (CPT price).
The UAC reports that competition with Russia in the North African market is intense, and prices may further drop to $222-225 per ton.
Contracted corn volume has reached 3.2 million tons (for delivery between September and December), with the main competitor being U.S. corn.
The advantage of Ukrainian corn is its non-GMO varieties, and corn harvesting will start in September.